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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (71404)	11/9/1999 10:15:00 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

Picked the following up at the Zoo. It is from tonite's Street.com. Since when did they ever say anythung nice about CPQ??? El Markets : Evening Update UPS' 109.4 Million-Share IPO Priced Above-Range at $50 By Tara Murphy Staff Reporter 11/9/99 8:36 PM ET Morgan Stanley Dean Witter priced a 109.4 million-share initial public offering for United Parcel Services (UPS:NYSE) above its expected $47 to $49 price range at $50, making it the largest IPO ever. Through its offering, the package delivery service will raise $5.5 billion, with 10% of the company now up for grabs. According to First Call/Thomson Financial, UPS stole the IPO heavyweight title away from Conoco (COC.A:NYSE), which brought in $4.4 billion internationally and over $3.9 billion domestically through its IPO in October 1998. As a delivery service, UPS could serve as a major player in the e-commerce explosion, making it even more appealing to investors. UPS is set to begin trading tomorrow on the New York Stock Exchange. TheStreet.com/nytimes joint newsroom previewed UPS's initial public offering plans in a story this morning. Compaq Net Announcement Drawing Attention Things have been relatively quiet at Compaq (CPQ:NYSE) ever since CEO Michael Capellas took over the reins of this bucking Houston-based PC and server company back in July. But Compaq's stock may receive a boost Wednesday morning when the company's top brass invade New York City to unveil new commercial Internet products and services. What makes this announcement a bit unusual, and maybe even a little exciting for beleaguered shareholders, is that CMGI (CMGI:Nasdaq) CEO David Wetherell and Rick Beluzzo -- now a vice president of Microsoft (MSFT:Nasdaq) and former CEO of SGI (SGI:NYSE) -- will also be in attendance. Wetherell's presence makes sense because his company just bought AltaVista from Compaq, which still retains a minority stake in the portal. But Belluzzo, who now runs Mister Softee's Internet operations, including MSN and WebTV, is another story. His presence could mean Compaq may be rolling out an Internet strategy (finally) that includes Microsoft's content on a new line of commercial desktops. It's a good bet that AltaVista's portal will be very easy to access on these new boxes. Now if Compaq can lure a top CFO candidate to Houston, it might really get some momentum going in its stock. -- Eric Moskowitz